dan dowdell here today as a speaker. [applause] >> thank you, david, for the kind info an introduction. it was 14 months ago where i did my speech in this building and it feels like yesterday. but i think that that speech has been important. i am pleased to be here this afternoon. addressing such strong supporters of american global leadership. this is one of the foremost goals of the commission. before i continue, as you all know, i must tell you that my remarks today are my own and do not necessarily represent the views of the commission were fellow commissioners. and you are about to find out why. [laughter] as i am sure you are all aware, next monday, the nation will celebrate the inauguration of martin luther king's birthday. monday also marks 2.5 year anniversary of the enactment of the dodd-frank act. to commemorate the occasion, i would like to take a few moments to talk about the act, specifically with this allocation of resources and opportunity cost that have arisen from the many false assumptions underlying t